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Friday, February 21, 2020

Oil Price Rises Above Nigeria’s $57 Budget Benchmark

Oil Price Rises Above Nigeria’s $57 Budget Benchmark   The international oil benchmark, Brent crude, rose on Wednesday, gaining a seventh straight day amid broad optimism...

February 2020 FGN Bond Auction Oversubscribed

February 2020 FGN Bond Auction Oversubscribed  The February 2020 FGN Bond Auction by Debt Management Office (DMO) which took place on Wednesday, February 19, 2020,...

FAAC: FG, States, LGs share N647.353bn for January, 2020.

FAAC: FG, States, LGs share N647.353bn for January, 2020. The Federation Accounts Allocation Committee (FAAC) in Lagos at its meeting chaired by the Permanent Secretary,...

12 States Miss Out of  $4.5m World Bank Transparency Programme.

12 States Miss Out of  $4.5m World Bank Transparency Programme. The World Bank has said 12 states missed out of its $4.5 million (N1.37 billion)  State...

Nigeria Loses $750m to Oil Theft in 2019 – NNPC

Nigeria Loses $750m to Oil Theft in 2019 – NNPC The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation lost about $750 million...

Customs Intercept Over 500 bags of Smuggled Rice in Ogun

Customs Intercept Over 500 bags of Smuggled Rice in Ogun …. As Smugglers Rain Bullets at Customs-Army Patrol Team Officers and Men of Nigeria Customs Service...
Dr Yemi Kale NBS Statistician General

Nigeria’s Inflation Rate hits 12.13% in January 2020

Nigeria's Inflation Rate hits 12.13% in January 2020 The consumer price index, (CPI) which measures inflation increased by 12.13 percent (year-on-year) in January 2020. This is...

NNPC, JV Partners Disburse $360million for Ogoni Clean-up

NNPC, JV Partners Disburse $360million for Ogoni Clean-up The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners of Shell Petroleum Development Company (SPDC),...

Jaiz Bank Declares N1.8BN Profit After Tax for 2019

Jaiz Bank Declares N1.8BN Profit After Tax for 2019 Jaiz Bank Plc, the premier non-interest (Islamic) Bank in Nigeria has declared a profit after tax...

FIRS Explains failure to meet tax target

FIRS Explains failure to meet tax target  Non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs have been adduced as major reasons...

The Essence of the Ministry of Humanitarian Affairs

The Essence of the Ministry of Humanitarian Affairs By Salisu Na’inna Dambatta The establishment of the multi-purpose Ministry of Humanitarian Affairs, Disaster Management and Social Development...

Humanitarian Affairs Ministry, World Bank Others Collaborate on Disability for Women Empowerment.

Humanitarian Affairs Ministry, World Bank Others Collaborate on Disability for Women Empowerment. The Ministry of Humanitarian Affairs, Disaster Management and Social Development is set to...

Nigeria Generated N1.17trn From VAT In 2019 – CBN

Nigeria Generated N1.17trn From VAT In 2019 – CBN     Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added...

Alleged Financial Infractions: Banks To Refund N112.82bn To Imo Govt

Alleged Financial Infractions: Banks To Refund N112.82bn To Imo Govt   Nine commercial banks are to refund a total sum of N112.82 billion to the coffers...

Finance Act: Elites to pay more as FIRS Eyes fair tax regime

Finance Act: Elites to pay more as FIRS Eyes fair tax regime Nigeria stands at the threshold of a new, transparent, accountable and fair...

Long Night for Eco Currency

Long Night for Eco Currency By Joy Nguri The Economic Community of West African States, ECOWAS, experienced noticeable beehive of activities centered on mechanism towards the...

Mobile Payments Rise By 184% To N828bn

Mobile Payments Rise By 184% To N828bn   The Central Bank of Nigeria reforms aimed at ensuring financial services reach the last mile has tripled the...

FIRS Moves to block $10 billion tax leak by multinationals

FIRS Moves to block $10 billion tax leak by multinationals Nigeria is losing about $10 billion of tax through illicit profit shifting by multinational corporations...

Nigeria Gets $40m Humanitarian Aid From US

Nigeria Gets $40m Humanitarian Aid From US ….Explains Rationale Behind Visa Restriction The United States Government has announced a $40m humanitarian aid which has been given...

18 States Worse Hit By Poverty – AfDB

18 States Worse Hit By Poverty - AfDB   Poverty rate in more than half of the 36 states of the nation is above the national...